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More from Karan Virwani
AssertionNot checkable as stated
Virwani: Real estate developers have failed to replicate the co-working model
“Many developers, you know, even in the country or everywhere else have tried to do this business or replicate the business, and none of them have been successful.”
Karan VirwaniMar 20, 2023▶ 9:51WeWork In India - The Untold Story with CEO Karan Virwani | 100x Entrepreneur
AssertionPartly supported
Virwani: WeWork India operates at upwards of 20% margins
“You know, as a business hit what is called as like operating leverage, operating efficiencies, which means that we are sufficiently covering all of our costs and also incremental costs that we might have for growth by a decent margin, you know, businesses upwa…”
Karan VirwaniMar 20, 2023▶ 16:21WeWork In India - The Untold Story with CEO Karan Virwani | 100x Entrepreneur
Insight
Virwani: India's outsourced work shifted from back-office to product R&D
“What we've seen also is that the type of work that is coming to India has changed drastically from back office, tele services, telecalling to now full-fledged R&D, product development sites happening here in itself.”
Karan VirwaniMar 20, 2023▶ 41:58WeWork In India - The Untold Story with CEO Karan Virwani | 100x Entrepreneur
AssertionSupported
Virwani: Embassy Group represents roughly 20% of WeWork India's portfolio
“Actually, embassy as a landlord would be maybe about 20% of our portfolio.”
Karan VirwaniMar 20, 2023▶ 17:22WeWork In India - The Untold Story with CEO Karan Virwani | 100x Entrepreneur
Disclosure
Virwani's family invested $150 million of personal capital into WeWork India
“So we've invested almost hundred and fifty million of our own money in this business. And yeah, that's been over the last sort of four or five years.”
Karan VirwaniMar 20, 2023▶ 18:58WeWork In India - The Untold Story with CEO Karan Virwani | 100x Entrepreneur
AssertionNot checkable as stated
Virwani: WeWork India faced 500-crore vendor exposure with zero bank balance
“We had an exposure to the market of like nearly four or 500 draws. With no money in our bank at all. And just, you know, our word and our promise that we will make good.”
Karan VirwaniMar 20, 2023▶ 21:49WeWork In India - The Untold Story with CEO Karan Virwani | 100x Entrepreneur
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